The statement added that the agreement between Israel and the UAE "is an aggression on the Palestinian people and an abandoning of the Palestinian rights and holy places, mainly Jerusalem and the establishment of the independent state of Palestine on 1967 borders." … [Read more...] about News Analysis: Israel, UAE peace agreement breakthrough, outrages Palestinians
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Rupee goes from Asia’s best to worst as oil, Pulwama puncture mood
India’s rupee has gone from being the best-performing Asian currency last quarter to the worst this year as rising crude prices and tensions over Kashmir weigh on sentiment.The currency has slumped 2.4 per cent since the end of December, missing the rally in its regional peers on optimism over US-China trade talks. It weakened to 71.51 per dollar on Monday, from as strong as 69.23 in early January.“The risk for the India story, which is keeping the dollar well bid vis-a-vis the rupee, is higher oil, followed by Kashmir tensions and the political uncertainty,” said Ashish Vaidya, head of trading at DBS Bank in Mumbai. “If the negative factors are sustained, for instance, if the Kashmir situation worsens, the rupee could soon touch 73.”The rupee’s losses have deepened in recent days amid escalating tensions between India and Pakistan following a terrorist attack by a Pakistan-based group of Islamic extremists in Kashmir last week.Crude oil has surged … [Read more...] about Rupee goes from Asia’s best to worst as oil, Pulwama puncture mood
